The New Century Weekly
Double dipping again
Andy Xie
May 30, 2011
Summary
The double dip scare has begun earlier this year than in 2010. High oil prices, falling property market in the US, sovereign debt crisis in Europe, recession in Japan, and inflation-induced tightening in the emerging economies are exerting downward pressure on the global economy. The growth data will surprise on the downside, inflation data on the upside. Risk assets like stocks and commodities will come under pressure in the summer.
Tuesday, May 31, 2011
Fortune: How housing could rebound -- in 2025
How housing could rebound -- in 2025
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
CNBC: 'Double-Dip' in Housing Prices Even Worse Than Expected
'Double-Dip' in Housing Prices Even Worse Than Expected
Published: Tuesday, 31 May 2011 | 9:05 AM ET
By: Reuters
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
Published: Tuesday, 31 May 2011 | 9:05 AM ET
By: Reuters
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
Sunday, May 29, 2011
Reuters: EU, IMF to judge Greece as protests swell
EU, IMF to judge Greece as protests swell
By Angeliki Koutantou
ATHENS | Sun May 29, 2011 9:33pm EDT
(Reuters) - European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
By Angeliki Koutantou
ATHENS | Sun May 29, 2011 9:33pm EDT
(Reuters) - European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
Wednesday, May 25, 2011
WSJ: OECD: Most Central Banks Should Raise Rates
EUROPE NEWS|MAY 25, 2011, 1:57 P.M. ET
OECD: Most Central Banks Should Raise Rates
By GABRIELE PARUSSINI And PAUL HANNON
PARIS—Central banks around the world should raise their key interest rates as the economic recovery settles in and inflation rates pick up, the Organization for Economic Cooperation and Development said Wednesday.
OECD: Most Central Banks Should Raise Rates
By GABRIELE PARUSSINI And PAUL HANNON
PARIS—Central banks around the world should raise their key interest rates as the economic recovery settles in and inflation rates pick up, the Organization for Economic Cooperation and Development said Wednesday.
WSJ: China's Growth Risks
REVIEW & OUTLOOK|MAY 25, 2011
China's Growth Risks
Rising inflation and an opaque financial system, among others.
The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.
China's Growth Risks
Rising inflation and an opaque financial system, among others.
The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.
Tuesday, May 24, 2011
NYT: In Europe, Rifts Widen Over Greece
In Europe, Rifts Widen Over Greece
By LANDON THOMAS Jr.
Published: May 23, 2011
LONDON — Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
By LANDON THOMAS Jr.
Published: May 23, 2011
LONDON — Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
Monday, May 23, 2011
USAToday: Questions and answers about Europe's debt crisis
Questions and answers about Europe's debt crisis
By Matthew Craft, Associated Press
NEW YORK — In case you were wondering if Europe still matters, take a look at the latest headlines.
By Matthew Craft, Associated Press
NEW YORK — In case you were wondering if Europe still matters, take a look at the latest headlines.
MarketWatch: QE2 was a bust
May 23, 2011, 10:18 a.m. EDT
QE2 was a bust
Economic data is worse than before
By Brett Arends, MarketWatch
BOSTON (MarketWatch) — It‘s cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke’s huge financial stimulus package, known as “Quantitative Easing 2,” actually worked as planned?
QE2 was a bust
Economic data is worse than before
By Brett Arends, MarketWatch
BOSTON (MarketWatch) — It‘s cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke’s huge financial stimulus package, known as “Quantitative Easing 2,” actually worked as planned?
WSJ: Europe Debt Concerns Grow
EUROPE NEWS|MAY 23, 2011, 2:22 P.M. ET
Europe Debt Concerns Grow
Spanish Vote Results, Greek Woes, Ratings Warnings Add to Fears
By JONATHAN HOUSE And DAVID ROMÁN
MADRID—Concerns mounted about Europe's debt problems following a crushing defeat for Spain's ruling party in weekend elections, compounded by infighting in Europe over whether Greek government bonds should be restructured and new warnings from credit-rating agencies.
Europe Debt Concerns Grow
Spanish Vote Results, Greek Woes, Ratings Warnings Add to Fears
By JONATHAN HOUSE And DAVID ROMÁN
MADRID—Concerns mounted about Europe's debt problems following a crushing defeat for Spain's ruling party in weekend elections, compounded by infighting in Europe over whether Greek government bonds should be restructured and new warnings from credit-rating agencies.
Subscribe to:
Posts (Atom)